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Case study
27 January 2023

Major Bridges gets a major PAB

Deputy Editor
Rising interest rates and broader economic uncertainty have tightened liquidity for private activity bonds (PABs) in recent months, forcing some financings to be delayed. Despite those pressures, the sponsors of the Major Bridges Package One Project raised $1.8 billion of PABs, making use of bond insurance for some of the longer-dated notes.

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